After seven years without a property tax increase, the city of Bryan is considering raising the rate by a penny.
The current property tax rate stands at $.6364 per $100 of assessed value. The new rate proposed is exactly one penny more, $.6464.
The effective rate, which is the rate needed to raise the same amount of revenue as last year, is $.6121. The proposed increase is well under the rollback rate of $.6712.
Under the new rate, a family with a $100,000 home would see its tax bill go up $10 a year.
The city council will vote Tuesday on placing the proposed increase on its September agenda.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.